Every month my company sells roughly $15,000 worth of monthly recurring revenue contracts with five year term lengths. The service sells for $1,000 per month so every month we sign on 15 new customers.
$15,000 * 12months * 5 years = $900,000 (total contract revenue for all 15 contracts sold during the month)
We've maxed out our borrowing on physical assets held by the company and I need to find a way to unlock these revenue streams to use as collateral for further growth.
What's the best way to do this? I would prefer to not have to go to every customer and amend their contracts in any way.
Have a lawyer, but uncertain of services rendered so far. Tricky, complicated situation - more details inside! [more inside]
A collection agency in the UK is trying to collect an unpaid invoice for me. Their initial efforts have failed; should I authorize them to go ahead with legal action? (Details and earlier question inside.) [more inside]
YANYL: how do I ask for attorney's fees on a motion that was involuntarily withdrawn? [more inside]
Hive mind, help me navigate a debt collection nightmare. Details inside. [more inside]
News and debt filter: Can somebody tell me why it was necessary to have a fundraiser to pay US medical bills for a deceased person? In the USA, if you die with debts greater than the total sum of your assets, your estate is generally liquidated in probate, right? Medical debt collectors can't go after your family for debts they didn't incur... [more inside]
Posting for a friend who may be sued in California for a credit card debt. The friend has been a starving university student in Europe for several years, with no money to make payments on the debt. We've read this useful thread
and others, but wonder what the advice is for someone who's not in the country. [more inside]
As a general proposition, law school is a losing investment. But I’m a specific proposition. Should I
go to law school? Lengthly, probably annoying specifics inside. [more inside]
Legal/debt collector woes: I was just served papers saying I am being sued by a debt collector for non-payment of $86. I am fairly certain I have paid this bill in full, but they are refusing to give me any kind of statement or accounting showing I still owe this amount. What can I do?? [more inside]
I have received a letter from a debt collection agency, dunning me for an account opened in a city where I have never lived. They have provided account information that indicates the account was opened with someone bearing my name (I have a very common last name) and with a Social Security number matching the last four digits of my own. They have demanded a copy of my Social Security card to confirm that I am not the person who opened the account. I am reluctant to provide them this information on privacy grounds. Is their request legal? How can I require them to fully document the identity of the creditor?
I have ~$100K in student debt...from undergrad. A very long story with legal, emotional and financial questions after the jump. [more inside]
For the third time now I've discovered that I've been improperly served a summons, and for the second time I've had a default judgment entered against me because I was unaware of the court date. It seems ridiculously difficult to take action against service processors for this behavior as it's your word against their affidavit and there are no regulatory agencies governing them. Are there legal avenues that I'm not aware of? [more inside]
I need help writing a strong letter to a collections company trying to collect a debt that isn't mine. [more inside]
[I am asking this for a friend.]
Legal troubles over a decade-old debt to a bank. I am being sued by a law firm representing a collection agency. I would like to find a way to resolve this situation that does not involve hiring a lawyer, since I cannot afford one. I receive income via Social Security Disability. [more inside]
Am I screwing myself by not filing a motion in court? Does it really matter in the long run? [more inside]
I'm in a financial pickle due to a bad choice of roommates two years ago. What are my options? [more inside]
My friend was served by a collection agency. She owes the money but doesn't have it. What's she do now? [more inside]
How do I get my money back from my ex-roommate? [more inside]